IoT-Based 4PL: Prospects and Business Models

Abstract:

The purpose of this article is to find out the future business models and business model innovation methods of Internet of Things (IoT) industry. Through the analysis of IoT-based logistics information system features, it is clear that IoT-based supply chain integration must be dominated by fourth party logistics (4PL) providers rather than telecoms and technical manufacturers. Two implementation models of IoT-based 4PL are viable. Under the function of more rational policies, many enterprises including logistics providers, logistics management consultants and IT companies would be IoT-based 4PL enterprises, and enhance the logistics management of all society.

• Periodical: Applied Mechanics and Materials (Volume 273)
• Pages: 65-69
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.273.65
• Online since: January 2013
• Authors: He Yang, Yan Hong Zuo, Yan Ru Li
• Keywords: 4PL, Business Model, Intelligent Logistics, Internet of Things (IOT), Supply Chain Integration

References

[1] ITU (2005). The Internet of Things.

[2] Twist, D. C (2004). The impact of RFID on supply chain facilities. Journal of Facilities Management, 3(3), 226–239.

[3] Amatoa, F., Basileb, F., Carboneb, C., Chiacchio, P. (2005). An approach to control automated warehouse systems. Control Engineering Practice, 13, 1223–1241.

DOI: 10.1016/j.conengprac.2004.10.017

[4] Wei Guangxing, Lu Xiaoxia (2011)., 2011(4), 75-77.

[5] Chen Huoquan, Guo Dongqiang, Ouyang Zhonghui (2011)., 2011(2), 110-115.

[6] Mortensen, O., Lemoine, O. W. (2008). Integration between manufacturers and third party logistics providers? International Journal of Operations & Production Management, 28(4), 331-359.

DOI: 10.1108/01443570810861552

[7] Li Xiu, et al (2001). Research on architecture and operation of 4PL. Computer Integrated Manufacturing Systems, 10(10), 1233-1237.

[8] Mukhopadhyay, S.K. (2006). The role of 4PL as the reverse logistics integrator, Optimal pricing and return policies, 36(9), 716-729.

DOI: 10.1108/09600030610710872

[9] Hingley, M., Lindgreen, A., et al. Using fourth-party logistics management to improve horizontal collaboration among grocery retailers. Supply Chain Management: An International Journal, 16(5), 316–327.

DOI: 10.1108/13598541111155839

[10] Li Yang, Wu Qunqi (2005). 2005(8), 40–43.

[11] He Qing, Wang Xicheng (2009). 37(15), 7231-7234, 7252.

[12] Wen Hai-xu, Feng Lan-jie (2003). On the Feasibility of Fourth Party Logistics Conducted in China. 17(5), 31-35.

[13] Li Cheng-juan (2004). Innovation of Supply Chain Service – The Fourth Party Logistics, 18(4), 46-18, 51.

[14] Wu Cheng, Zhang Guangyu (2005). Commercial Research, 2005(22), 134-135.

[15] Katz, M. L., Shapiro, C. (1985). Network Externalities, Competition, and Compatibility. The American Economic Review, 75(3), 424-440.

[16] Amit, R., Zott, C. (2001). Value creation in e-business. Strategic Management, 22(6-7), 493-520.

DOI: 10.1002/smj.187

[17] Gordijn, J. et al. (2000). Business Modeling is not Process Modeling. Proceedings of ECOMO.

[18] Osterwalder, A., Pigneur, Y., Tucci, C. L. (2005). Clarifying Business Models: Origins, Present, and Future of the Concept. Communications of AIS, 2005(15), 1-40.

DOI: 10.17705/1cais.01601